With MACD converging and RSI weakening, looks like the start to a pull back and good buying opportunity. Analyst PTs are in the low to mid 90s and the setup looks a lot like the start to Wave 4 so watching to see how far it retraces. Looking to get in if it goes below 88 and bounces off support.
PLBY is looking to retest 0.38 retracement with MACD starting to reverse trend. Bouncing off signals a possible second run (elliot wave 3?), failing it makes it look like head and shoulder pattern.
Most market PT have PLBY in the low 30s, but wasn't sure how the market would react to the NFT play. Had continued channeling up, but finally broke out today. I'll be watching to see if and how far it recovers, but expect it to retrace further as it looks like we may have found the head of the H&S pattern.
